MARKET TALK: Ruling Against Drilling Ban Seen Securing Jobs

22nd Jun 2010 21:16

4:16 (Dow Jones) A federal court ruling in Louisiana on Tuesday that strikes down the government-mandated moratorium on deepwater offshore drilling will help secure the jobs of "tens of thousands of Americans," Bruce Vincent, chairman of the Independent Petroleum Association of America and president of Houston-based Swift Energy Co. (SFY) says in a statement. Vincent notes the "misguided and hastily implemented moratorium fundamentally failed to recognize the how critical America's oil and natural gas industry is to the livelihoods of so many Gulf families." ([email protected]) Call us at (415) 439-6402 or email [email protected] Visit the Market Talk website at http://www.djnmarkettalk.com. -0- Contact us at 713-547-9201 (END) Dow Jones Newswires June 22, 2010 16:16 ET (20:16 GMT)